Saturn and Venus, form Jupiter, a joint venture. Saturn owns 51 percent of Jupiter and Venus owns 49 percent of Jupiter. The purpose of Jupiter is to own and operate organic clothing design and manufacturing facilities and sell organic clothing to unrelated retailers. When Jupiter was formed, Saturn contributed $561 million to Jupiter and Venus contributed four manufacturing facilities with an assembled workforce, with a total fair value of $539 million to Jupiter. Venus was looking to exit its clothing manufacturing business, as this business no longer was a strategic fit for Venus. However, Saturn was looking to expand its footprint in the…
I felt the case discussion and summary was well done. It included the majority of the essential components of the case and the facts were summarized in a very organized fashion. The one item I did not find in the summary and the discussion is the final results of the case. After reading the summary it would have been helpful to include a summary of findings from the 600 page audit committee report submitted to the SEC . I would have also like to have known more about the BDO circumstances and charges they faced as the blame centered on them initially (Accounting Today, 1993)…
MEDICATIONS: Prednisone 7.5 mg Po daily, estradiol 0.5 mg Po QAM, Mobic 7.5 mg Po daily recently discontinued because of questionable allergic reaction, HCTZ 25 mg Po every other day, and oral calcium supplements, in the past she has been on penicillamine, azathioprine, and hydroxychloroquine but she has not had azulfidine, cyclophosphamide, or chlorambucil.…
Glaser Health Products of Ranier Falls, Georgia needs assistance in evaluating and classifying costs in order to implement an activity-based costing system. As stated in the case, these costs will be used for planning and control decisions rather than inventory valuation. The activity-based costing system will provide better allocation of Glaser’s overhead costs rather than a system to look at the cost drivers or the activities that their overhead costs comprise. Glaser’s general structure of an activity-based costing model should consist of cost objects, activities, consumption of resources, and cost.…
SOCIAL HISTORY: Patient admits alcohol in jesting on nights and weekends. Denies tobacco use, denies illicit drug use. He is married.…
Energy Inc. (Energy, or the Company), which operates in the oil industry, is a U.S. subsidiary of a U.K. entity that prepares its financial statements in accordance with IFRS and U.S. GAAP. A draft law in a country where Energy operates in, which requires a cleanup of land already contaminated, will possibly be enacted shortly after the year-end.…
Understanding the flow of cash within an organization is critical to knowing the health of an organization. Without this understanding, a business may run into a situation where even though they are profitable, they may not have enough cash on hand to meet their obligations. This paper will look at the case study Eat at My Restaurant – Cash Flow (Gibson, 2013) and will analyze the difference between net cash provided by operating activities and net income and determine which a better indicator of long-term profitability is. It will then provide an analysis of the cash flow ratios for each of the firms contained in the case study. Finally, this paper will conclude with a determination of if one of the companies in the case study has a cash flow problem.…
The purpose of the memo is to communicate to you the outcome of the company’s control risk, the test of controls and substantive tests of transactions.…
It will be incumbent on you to present several options regarding how this hiring decision should proceed. This is a very important decision, so Tanglewood would like you to provide several different possible selection schemes.…
1. Arthur Young was criticized for not encouraging Lincoln to invoke the substance-over-form principle when accounting for its large real estate transactions. Briefly describe the substance over form concept and exactly what it requires. What responsibility, if any, do auditors have when a client violates this principle?…
9. What is your appraisal of Blockbuster’s performance as shown in case Exhibit 5? What pluses and minuses do you see? Use the financial ratios in Table 4.1 of Chapter 4 as a guide in doing the calculations needed to arrive at an analysis-based answer to your assessment of Blockbuster’s recent performance.…
1. Is Parker's speech development appropriate for his age? Explain? His speech is not developmentally appropriate because children that are nearing 2 years of age should be able to speak up to 50 words and be somewhat understandable on all words.…
In the journal #1, the topic is problem about an attitude during practice in my baseball team. There are 5 conflict managing styles, the best way is Collaborating. It requires a lot of energy and time, but it was also the best way to solve our problem. My manager selected Collaborating style, because he considered all the situation of our team and who is the main parties sharing the conflict. In this situation, although the attitude among our team is our problem, it is like conflict between the managers and the others. When the managers chose Dominating, it could generate another problem, like frustration toward the managers. While dealing with this problem is to increase our unity, some managing styles are inappropriate, and generates a hostility toward the managers. In this collaborating style, the important part is focusing on the consensus. Consensus is a good way because it is not offending way to communicate. He knew the goal of our team: win the conference in 8 months. Everyone agreed to increase efficiency during the practice to win the…
1.0 Compute the target prices for the three models, based on the traditional, volume-based product costing system.…
5% of your overall grade for MKTG211. Please analyze this case by answering the following five…